tce-OPCO-Combined-Financial-Statements-Q3-2023-11.28.23.pdf

2024 CALGARY, Alberta, March 04, 2024 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P. (Énergir), have entered into a purchase and sale agreement to sell Portland Natural Gas Transmission System (PNGTS) to BlackRock, through a fund managed by its Diversified Infrastructure business, and investment funds managed by Morgan Stanley Infrastructure Partners (the Buyer), for a gross purchase price of US$1.14 billion, which includes the assumption of US$250 million of outstanding Senior Notes held at PNGTS. This transaction implies a valuation of approximately 11.0 times reported 2023 comparable EBITDA.

The Nisga’a Nation confirmed its Benefits Agreement with Prince Rupert Gas Transmission Ltd (PRGT) to provide right of way certainty for its proposed LNG pipeline project from northeastern British Columbia to the proposed Pacific NorthWest LNG export facility at Lelu Island near Prince Rupert.

Columbia Gas Transmission projects expect to bring 135 million cubic feet more per day of natural gas capacity to central and southern Virginia. Virginia Reliability and Virginia Electrification projects to be reviewed by federal regulators. Posted by Virginia Mercury